27 Feb 2023, 18:57 UTC · By: Cristian Agatie / Rivian is set to announce disappointing 2022 financial results, but analysts are more worried about prospects as the startup is burning through cash
26 Jul 2021, 11:04 UTC · By: Florina SpĂ®nu / Named Cue, the basketball-playing robot stole the show during halftime at the 2020 Tokyo Olympics. The robot treated the onlookers to some free throws.
25 Apr 2019, 09:45 UTC · By: Daniel Patrascu / Tesla posts a $702 million net loss for the first quarter of the year, including $188M of non-recurring charges, several factors involved
1 Sep 2011, 12:15 UTC · By: Andrei Tutu / Saab is currently struggling to survive, but it seems that the Swedish automaker's chances are decreasing each day. While other times we had little steps towards a financial meltdown, today, un...
30 Nov 2010, 15:55 UTC · By: Andrei Costea / The Congressional Budget Office said it expected the government's loss on the auto industry bailout to be around $19 billion, down from its initial estimate of $34 billion. This announcement co...
10 Nov 2010, 11:41 UTC · By: Andrei Costea / Tesla Motors reported its third quarter unaudited financial results yesterday. Revenues for the quarter that ended September 30, 2010 were US $31.2 million, up 10% from the previous quarter's r...
8 Nov 2010, 20:48 UTC · By: Andrei Costea / With the new Jeep Grand Cherokee being an instant hit, Chrysler shows signs of profitability and increases its share on the US market. Chrysler said it cut its losses in half between the second a...
27 Aug 2010, 09:13 UTC · By: Daniel Patrascu / The Dutch company which in the beginning of the year managed to save Saab from being hit by GM's bloody ax posted its financial results for the first half of the year and the numbers are not at...
5 Aug 2010, 14:20 UTC · By: Daniel Patrascu / Perhaps the most anticipated financial statement of the second quarter, that of electric vehicle manufacturer Tesla, was made public yesterday. Unfortunately for those hopping for better results, no...
6 Jul 2010, 09:37 UTC · By: Daniel Patrascu / Toyota's Australian division managed to surprise its mother company by posting this week a loss of AU$107.9 million for the 2009-2010 financial year (which ended March 31), mostly due to what T...
18 May 2010, 13:28 UTC · By: Daniel Patrascu / With American manufacturer GM getting the spotlight in recent weeks, the loans given last year by the US to GM's rival, Chrysler, have somewhat slipped the public eye. Until yesterday, that...
8 Apr 2010, 06:40 UTC · By: Daniel Patrascu / And the numbers are in... In a short press release previewing the filing of its third quarter 2009 Form 10-Q and 2009 Form 10-K with the Securities and Exchange Commission (SEC), American manufactur...
2 Apr 2010, 11:15 UTC · By: Daniel Patrascu / Bad as it was for the automotive industry, 2009 proved to be disastrous for GM's Australian arm, Holden. The local carmaker in the end of March a net loss of $210.6 million, the worst in the co...
5 Feb 2010, 13:49 UTC · By: Alex Vasile / GMAC has been losing money for some time now, so everybody expected disastrous results for the fourth quarter of 2009. The figures are now official: GMAC Financial Services announced a net loss of $...
1 Feb 2010, 11:45 UTC · By: Daniel Patrascu / The Armageddon-like recall of Toyota vehicles is proving to be a tougher nut to crack for the Japanese carmaker. What started out as a minor glitch is now turning into a problem of biblical proporti...
6 Jan 2010, 16:23 UTC · By: Daniel Patrascu / Financial institution GMAC is bracing itself for a huge $5 billion loss for the fourth quarter of 2009 alone, despite the recent $3.79 billion received from the US Treasury. The news was confirmed b...
18 Dec 2009, 15:57 UTC · By: Daniel Patrascu / German carmaker Porsche published today its interim report for the first three months of the 2009/10 fiscal year (1 August 2009 to 31 October 2009), a report which covers both Porsche and Volkswagen...
16 Dec 2009, 13:26 UTC · By: Daniel Patrascu / After earlier this month Gene Sperling, senior counsel to Treasury Secretary Timothy Geithner talked about the prospects of the US government to lose $30 billion out of the $82 billion pumped into t...
13 Nov 2009, 07:37 UTC · By: Daniel Patrascu / German luxury carmaker Porsche announced yesterday it has ratified the financial statements for the fiscal year 2008/2009 (ending 31 July 2009). All fine and dandy, if it weren't for the huge 4...
29 Jul 2009, 10:14 UTC · By: Daniel Patrascu / Japanese manufacturer Nissan posted today a 16.5 billion yen ($175 million) loss for the first quarter of the fiscal year ending in March 2010. According to company data, total net revenue fell 35.5...